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Noir088
Jun 30, 2020 8:59 AM

Understanding XRP/USD 

XRP / U.S. dollarBitstamp

Description

On this analysis my goal is proving the descending triangle was the long trend for xrp/usd which was confirmed later on August 2019.
Xrp tried to pierce the resistance one more time at February but Covid-19 provided the invalidation.
Now xrp/usd is trading on the 0.11 ~ 0.34 range ascending channel.
For a bullish scenario it will need to break the 0.34 resistance level and close above it.
Comments
HODLER_OF_XRP
Volume maybe nearly doubled compared to early 2018. That time we made epic moves... today we cant even move 10% a day anymore... but if we do, usually downwards. Cant see, how we should move up to .34 these days or weeks... we are in an unstoppable down movement currently.
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